Business Studies, asked by asmaul5720, 1 year ago

How ethics can make corporate governance more meaningful in?

Answers

Answered by sanu1201
2

Corporate governance is meant to run companies ethically in a manner such that all stakeholders—creditors, distributors, customers, employees, and even competitors, the society at large and governments—are dealt with in a fair manner.

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Answered by psjain
8

Answer:

Explanation: Corporate governance plays a significant part in running a company. It follows certain ethics in a way that all stakeholders—customers, shareholders,creditors, employees, distributors and also competitors, government and society are treated in a rightful manner.

Business ethics is linked with corporate governance as it is a process of combining  certain values such as honesty, fairness, transparency and trust into its practices, policies and decision making.It is the most important and integral part  of corporate governance. It applies to each member of the organisation right from suppliers to sales executives to accounting methods as well as strategies adopted in the board room. It reflects how a company undertakes its business activities while making profit. Following right ethics  helps in building both customer and reputation leading to generation of higher revenues.

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